Agora (NASDAQ:API) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Agora (NASDAQ:API – Free Report) from a hold rating to a buy rating in a research note released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Agora in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on API

Agora Trading Up 0.2%

Shares of Agora stock opened at $4.68 on Friday. The firm has a 50-day simple moving average of $4.37 and a two-hundred day simple moving average of $3.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.34 and a current ratio of 4.34. Agora has a fifty-two week low of $2.53 and a fifty-two week high of $5.78. The company has a market cap of $436.78 million, a P/E ratio of 117.03, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60.

Hedge Funds Weigh In On Agora

A number of institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new position in shares of Agora during the 3rd quarter valued at about $58,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Agora during the fourth quarter worth about $85,000. Finally, Marshall Wace LLP boosted its holdings in Agora by 213.0% in the 2nd quarter. Marshall Wace LLP now owns 460,210 shares of the company’s stock valued at $1,753,000 after purchasing an additional 313,175 shares during the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.

About Agora

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Agora, Inc operates a Real-Time Engagement (RTE) platform that enables developers to embed voice, video and interactive broadcasting capabilities into mobile and web applications. By providing a suite of software development kits (SDKs) and application programming interfaces (APIs), the company delivers low-latency audio and video streaming, real-time messaging and live interactive streaming services. Its platform is designed to support high-quality interactions across various network environments, making it suitable for use cases in social media, online gaming, distance learning, telehealth and enterprise communication.

The company’s core offerings include voice and video calling SDKs, interactive broadcast SDKs for one-to-many streaming, real-time messaging services and data stream APIs for synchronized data exchange.

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